Retirement Systems of Alabama decreased its holdings in shares of Big Lots, Inc. (NYSE:BIG) by 3.8% in the fourth quarter, HoldingsChannel reports. The firm owned 54,893 shares of the company’s stock after selling 2,154 shares during the period. Retirement Systems of Alabama’s holdings in Big Lots were worth $3,082,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in BIG. Sei Investments Co. increased its stake in shares of Big Lots by 488.2% during the fourth quarter. Sei Investments Co. now owns 753,487 shares of the company’s stock valued at $25,515,000 after purchasing an additional 625,395 shares in the last quarter. APG Asset Management N.V. increased its stake in shares of Big Lots by 160.7% during the fourth quarter. APG Asset Management N.V. now owns 560,800 shares of the company’s stock valued at $26,223,000 after purchasing an additional 345,700 shares in the last quarter. Old Mutual Global Investors UK Ltd. increased its stake in shares of Big Lots by 37.0% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,121,899 shares of the company’s stock valued at $60,100,000 after purchasing an additional 303,207 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Big Lots by 4.2% during the third quarter. Wells Fargo & Company MN now owns 2,462,092 shares of the company’s stock valued at $131,894,000 after purchasing an additional 98,203 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of Big Lots by 1,573.3% during the third quarter. Schroder Investment Management Group now owns 100,400 shares of the company’s stock valued at $5,377,000 after buying an additional 94,400 shares during the last quarter.
In related news, insider Timothy A. Johnson sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $55.00, for a total value of $1,100,000.00. Following the sale, the insider now owns 65,649 shares in the company, valued at $3,610,695. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey Paul Berger sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $58.00, for a total transaction of $348,000.00. Following the completion of the sale, the director now owns 7,566 shares in the company, valued at approximately $438,828. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.
Big Lots (NYSE:BIG) last issued its earnings results on Friday, December 1st. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.02. Big Lots had a net margin of 3.36% and a return on equity of 30.17%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the company posted $0.04 earnings per share. The firm’s quarterly revenue was up .5% on a year-over-year basis. sell-side analysts forecast that Big Lots, Inc. will post 4.29 EPS for the current year.
A number of equities research analysts have recently commented on BIG shares. Zacks Investment Research cut shares of Big Lots from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. UBS Group cut shares of Big Lots from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 10th. Raymond James Financial reiterated a “buy” rating and set a $67.00 price target on shares of Big Lots in a report on Saturday, December 2nd. Citigroup set a $69.00 price target on shares of Big Lots and gave the company a “buy” rating in a report on Tuesday, December 5th. Finally, KeyCorp reiterated a “buy” rating and set a $58.00 price target on shares of Big Lots in a report on Friday, November 10th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Big Lots currently has a consensus rating of “Buy” and a consensus target price of $62.40.
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Big Lots Profile
Big Lots, Inc is a non-traditional, discount retailer operating in the United States. As of January 28, 2017, the Company operated a total of 1,432 stores. The Company operates through the discount retailing segment. As of January 28, 2017, the Company’s stores are located at various states of the United States, such as Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Michigan, Montana, Nevada, Nebraska, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, Texas, Utah and Washington.
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